FX.co ★ EURUSD M15: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the EURUSD M15 chart. Its lower boundary passes through 1.1172/1.1204, while its upper boundary passes through 1.1234/1.1204. The pattern width is 62 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If EURUSD breaks below the lower boundary, the price could move toward 1.1181.